Skip to main content
8:00 pm
propublica and the panelists for putting it together and giving us your night. so wonderful. really helped us get into this incredibly complicated issue. thank you. [applause] >> following up on that conversation in new york, on c- span this evening we will open up the phones and take a look at a spoke and twitter and hear what you have to say about college costs and student debt. we will have a couple of guests joining us by skype and by phone. we will have marian wang from propublica and later josh mitchell on the policy side of things in washington. we will open up the phone lines and hear from you. here are the numbers to use if you are a student or a graduate.
8:01 pm
-- you are a parent, - use for educators and administrators, the number is -- please make sure you meet thae - mute the tv when you call in. hasg tag, @cspan. our facebook poll has been up for a number of hours. you can go to span. is college worth going into debt? let's go to new york and hear from marian wang. she is the education reporter for propublica joining us byvia
8:02 pm
skype. >> thank you for having me. >> what got you interested in the area of student debt? >> there are record numbers for student debt. i began covering education. i got sucked into it. so much is happening in that space. there are hard economic times that is putting an extra crunch on students and families at a time and college costs keep rising. >> we showed audiences the -- the conversation you participated in a couple of months ago. the scope of the issue and the size of the student debt that we are dealing with these days. >> the government issued more than a hundred billion dollars in student loans to families and grad students and parents carries.
8:03 pm
over all, the big number that you'll hear is this past year that student debt exceeded one trillion dollars. that is a big number. it also exceeded outstanding credit card debt. those are two big milestone to hear a lot. >> a student who has graduated from a four-year school with an undergrad degree, how much student loan debt do they carry typically? >> it ranges and the type of school that you go to. community colleges can be different from a private four- year school. the average student debt for undergraduates is about $24,000 in that neighborhood. >> $24,000 is the average student debt. we have calls waiting. we have marian wang from new
8:04 pm
york. we have a caller, chris. welcome. >> hi. how are you doing? >> doing just fine. >> i graduated from a private college in new york. i have an associates degree and have about $80,000 in student debt. we have about $1 trillion in student loans which are owed. in 2005, they got rid of the bankruptcy option. the biggest problem is that lack of a bankruptcy option. with the unemployment rate, they say it is 8-10%. there is no way this economy is turning around in the next few years. there seems to be no solution to this problem. the problem was federally
8:05 pm
backed didn't loans. -- student loans. the government forces children to go to kate-12 grade -- k-12 grades. >> how long have you been out of college? how much student debt do you owe? >> i have been out of college for six years. i/o about $80,000 -- i owe about $80,000. >> chris is right about the bankruptcy option. student loans are difficult to discharge through the bankruptcy process. it is unusual for consumer debt. there havs been a push in congress to restore the bankruptcy provision.
8:06 pm
>> what would that do? >> you fall on a hard time and you declare a group c and for the most part -- and you declare bankruptcy, and for the most part, your debt is not dischargeable through bankruptcy. you sort of shed red card debt through bankruptcy, but you cannot shed student loan debt. restoring private student that, debt --private student that is not the majority of outstanding student debt. it is about 10% or 15%. >> we have a caller in sacramento, california. caller: hello. my problem is that i start
8:07 pm
going to school in 1985. i had some hardship. at the time in 1981 when i took out a loan, i owed $3000. now i/o $8,000. -- now i owe $8,000. i have not been able to pay the loan back. recently i pay that loan for a whole year. i got it out of default and went back to school. one of my kids got sick, gravely ill. i had to step out of school and the loan went back into default. host: that is an example of someone who could not use the bankruptcy option you talked about. guest: it sounds like she has been trying to repay it and has been able to do it at some times. it does seem like you are a good
8:08 pm
candidate and in some cases there are better options for people who might need some help i need to defer their loan or look into some of the federal repayment plans that might be more lower the monthly payment significantly. host: the conversation that you are part of the propublica discussion back in november showed that president of -- the chief enrollment officer at new york university. enrollment advisor, i should say, in particular at nyu. take a listen. >> financial aid counselors and financial aid advisors. we know what the facts tell us. we have additional info there.
8:09 pm
it is our policy that we are not providing or doing any financial advising for families. we help them understand that this is a grant, this is a loan, you have to repay a loan. we help them understand their long-term obligation. but we are not qualified, nor should we be making decisions for families. we cannot tell them, you cannot come here because you cannot afford to be here. we do not know what additional resources they might have. you need to consider carefully what this will mean long-term. host: marian wang, the official from new york university -- what do you think the role of universities in guiding students for the future is? traditionally, it has been what randy has said.
8:10 pm
we are not financial advisors. these tough times with the college investment being significant as it is financially, with the costs continuing to rise, there is a degree to which there are families, there is the government, and there are schools. neither the government or the schools feel comfortable stepping in and saying, this might be too much for you. you might want to rethink this decision. no one wants to say that to families. when you talk about families who may not be that financially savvy and are sending a child to college for the first time and are not acquainted with the system, there is a lot in terms of financial education that is lacking. who will be there to help these families educate them selves
8:11 pm
and make sure they understand the terms of these loans that will affect them for years to come? host: we are spending the next warning or 50 minutes talking to you about student loans and college costs. the numbers to use if you are a student or if you graduated, please call 202-585-3885. for the parents, 202-585-3886. for educators and administrators, 202-585-3887. one in five households of student debt, the average college debt is $23,300. 93% of student loans are government issued. education department says they issued $157 billion in student
8:12 pm
aid in 2011. hedidi in tennessee. caller: hi. how are you? host: fine thanks. caller: thank you for taking my call. i have almost completed my doctorate degree are. i am a college professor. my student loan debt is three times my annual income. i husband and i cannot afford to pay our student loan payments monthly payments because it is about $11,000 per month. can you talk about options for repayment? guest: the government ruled out
8:13 pm
-- it goes further and lowering monthly payments. if you qualify for it, it moves up the date for which your loans are forgiven. it can be 20 years instead of 25. some can go further than the income-based repayment. host: here is a tweet. i only can read my bank statement with a piece of mind. next caller. caller: i'm a student. i was a student. i finished my doctorate. i had student loans that were about $57,000. four years later, i got it down
8:14 pm
to $41,000. this is the only student loan debt i had. i know what it is like to watch almost $600 or month going to debt funds. i'm calling as an educator because i heard the student loan situation is akin to the mortgage loan scandaltw two yeas ago. i very much disagree with that. i can speak from my own experience. people were making sure that it was sound and everything was in the right place. thinking about our families -- one, i aswe --
8:15 pm
[indiscernible] people come in with a certain level of skills and we try to assess those skills. we try to help those students, those africans, to compete. host: we will let you go there and ask marian wang. guest: do two things do not quite mirror each other. there were periods when, like the mortgage market was much looser than it is today. wered as were skere
8:16 pm
particular schools that had agreements with lenders. now they are facing the consequences. it is definitely a burden that they may have signed their name on the on track part, that they did not -- on the contract part, but they did not understand. that was happening. that mirrored some of the verbiage housing market. host: we want to show some comments from mark in november. he talked about the shifting of college costs and the burden from the government to families. here is what he had to say. >> over the last four decades, the burden of paying for college has shifted on the federal and state government to the families. the only form of financial aid
8:17 pm
that has any degree of elasticity is the parent plus loans. the stafford loans have a limit. the parent plus loans do not have a limit. and that has nothing to do with the family's ability to repay that debt. the students and the parents, they are chasing a dream. they will sign whatever piece of paper is in front of them without hating attention to the details. they figure they will deal with it -- without paying attention to the details. they figure they will do will it after they graduate. there is much you can do to reduce the debt. you can attend and in school -- and in-state college. some do not go to college. some have generous financial aid policies. once you are on campus, you can buy cheaper textbooks and sell them back to the bookstore.
8:18 pm
but that is not as much as you can you can save by going to a less expensive college. host: talking about college costs and student debt tonight on c-span, we have lines set aside for students, parents, and educators. marian wang is an education reporter from propublica. she was part of the panel there in new york. we go to a parent, cindy. caller: hello. my name is cindy. i have kids in a state school, a private school, and estate school. this is of 0-- a state school. this is of great concern to me. education has become a business. it is not a business where you are paying an instant touche
8:19 pm
and to educate -- an institution to educate you and the success is performance- based. what happens when students do not get that education and what responsibility do the institutions have as far as educating people that are going to be employable? guest: i think that is a great question. that is one of the main responsibilities of education. they need to make sure that your skills will be transferable to the job market. i do believe that there is a conversation now. there is a conversation happening to train the president and the schools about whether schools need to be held more accountable for outcomes. we have to recognize that it is
8:20 pm
a difficult job market that is not the fault of schools, but students need to pay attention to what kind of educational value and student experience and retention and graduation rates. talk to alumni. see what their experience is and what is happening in the job market for them. there is aa tng, weet. marian is wrong. guest: the cost of college is
8:21 pm
rising faster than the rate of inflation. there are two things that we can impart a little bit. there is a feeser price for tuitionfeef and costs. net price is when students and families and paying after scholarships and grants. for a long time, it was a sticker price that was increasing. right now, the sticker price is increasing and what the students and parents are saying -- paying. host: mitchell is on the line. caller: thank you for taking my call. all of the statistics i have heard shows that college is a good investment and the debt that students take out is good thadebt.
8:22 pm
the student loans i have gotten -- they are very easy. i just wanted to call. host: thank you. we will move to an educator from texas. hi. how are you? caller: hi. how are you? host: doing fine. go ahead with your common for marian wang. caller: this is a statement. i feel like educators set the foundation for what happens in the world. the problem i have is with the autonomy and the way that we are paid.
8:23 pm
it does not go along with other things. when you have a student loan, for me, i started teaching in 2001. my first student loan was in 1998. because i took out a loan in 1998, i'm not eligible for any kind of relief for my loan. my salary is such that i need to go back to school in order to be more marketable. i have to go back to school. host: you are talking about going back to school for a master's degree? caller: exactly. you want to be marketable in order to increase your career. as a teacher, your income is not comparable to the way that other careers are done.
8:24 pm
the caller who spoke earlier said that his loans were easier and he had is given at the government. that is great. i want to help others. but economically, it is difficult for me to pay back student loans. host: how much is your debt now, if you do not mind telling me? caller: about $10,000 in debt right now. do you teach? caller: c. cy.lierarterary host: next caller. go ahead with their comment. caller: she joined the military.
8:25 pm
she wanted to get additional money to move onto or years and get her grad degree. are there any programs from the federal government or the private arena that could assist her and reduce some of these monthly payments because she is military status? guest: she should definitely ask the department. they have tuition assistance. they have other programs that i am not dealing with. there are things that are available. host: did she get into the military so they would help out with some of these costs? caller: i'm sorry. what was the question? host: did she get into the military so they would help out with some of these costs? caller: absolutely. she decided to do that. she didn't want to go into further debt getting her grad
8:26 pm
degree. she spent four years serving her country. the private loans are killing her. she is trying to make ends meet. they're not budging on interest rates at all. host: thank you for sharing your story this evening. marian wang, in terms of postgraduate degrees, how much is that a part of the big $1 trillion pile of student debt? guest: it is definitely a large part. you hear the stories of people being six figures in that. more often that is grad school or additional education. it is extraordinary. when you hear about $200,000,
8:27 pm
you know that person must have gotten additional education. that can easily happen when you go to med school. host: robert is a student in florida. welcome to the conversation. caller: good evening. why does the government -- for the students who do not want to pay back their loan, i think everyone wants to uphold obligation, but interest rates are at 6.8%. if people are allowed to refinance -- students have no ability to refinance student loans. the rates at the banks are at z ero on deposits, but the students are paying close to 7%.
8:28 pm
if they reduced the rate and changed the daily interest galatians, it would help people pay off the principal liquor a quicker. host: what is the typical loan rate? guest: he is right. it is about 6% ornate 9%. -- or 9%. some are able to have lower interest rates if you have excellent credit. others, they can go up. he is right. there is a distinction. on student debt, which is not secured the way that a mortgage is secured, if you default, they can take back that house.
8:29 pm
the same is not the same as student debt. the risk is higher and interest rates are higher. there is a lot of talk of interest rates prompted being higher than they should be. host: a quick look at our facebook age. -- page. where asking about the college student loan debt. how about the focus on who is picking the groups that can be forgiven? i signed up for debt of $100,000 about understanding what that meant. again, david. caller: i constantly see my
8:30 pm
students spending money on things other than educational costs. they do not use it for educational expenses. they use it for clothing, cars, the bar, gadgets. is there any way that colleges can offer mandatory training for freshman and how to use the money properly for what it is intended for? host: marian wang. guest: that is a good question. i hear that a lot from financial administrators. i do think that there could be better training in terms of more advising in the light of -- do you need this money that you are entitled to the federal government? there is a particular form and all by which they give you a particular sum to cover the costs of your attendance.
8:31 pm
students may not need that amount. they get a refund check, and they are excited about it. they do having this cash in their pockets that they can spend. there is a role that financial aid officers or schools can play in making sure that you do not have to accept all of the money that you are entitled to. you can decline a loan. you can ask for less than what you are entitled to. therefore, you can have less debt. host: where does work study fit into all of this? guest: work study is not part of it. if you are entitled to the summit you get a couple thousand dollars -- you get -- if you are entitled to it, you get a couple thousand dollars. they do not necessarily have the cash on hand when the school begins. it will come later. it is a little bit more of a
8:32 pm
complicated picture. that is another thing students and families need to understand when they get that financial award letter in their hands or on their screen. it is challenging for schools. if you are at a large school, you do not have time to sit down with every student. these documents are complex. this is someone without a college education trying to understand it. host: here is a call from a graduate student in alabama. go ahead. caller: hi. i think that we should remember that we should be grateful that we live in a country where we are able to have loans that are provided by the government so that people who would normally not be able to get an education can do so. i'm a first-generation graduate. i would not have been able to get an education if it were not for loans.
8:33 pm
there was a student loan discussion. we have to remember that it is important for students when they are choosing a major, how much will this take? -- pay? educators have a responsibility to make sure that students are marketable when they leave. do not just give a biology degree without having the counselors talk to them about what they will do afterwards. parents need to be involved as well. make sure the children have proper exposure so when they go to college, they are choosing something that they are interested in and have good aptitude for. host: any final thoughts? guest: i absolutely agree with that.
8:34 pm
education department has a point when they say they are in the business of providing access for people. begin up want a country where people who do not have the money cannot go to college. -- we do not want a country where people who do not have money cannot go to college. host: marian wang is an education reporter for propublica. guest: is our website. host: thank you for spending time with us this evening. the conversation continues. our next guest has been writing about this issue. i want to take you to a senate debate from last summer when they were considering the change in the student loan interest rates. the senator of iowa and the
8:35 pm
floor of the senate from last summer. >> that is why the ever-growing mountain of student that is a major concern. also, a major concern for families all across america who are struggling to get by. it is a shocking fact that student loan debt has surpassed total credit card debt for the first time ever. $867 billion right now in student loans. the first time ever that student loan debt -- they owe more on that than on their car loans or credit cards. i want to bring this more closer to my own home. it affects iowans.
8:36 pm
the fourth highest percentage in the nation. those borrowers have an average of $30,000 of student debt. that is the hook third-highest in that -- that is the third- highest in the nation. president obama wants to help our students succeed. from the recovery act and its support for the education system, to the student loan reforms that enable us to help more students to tell grants, -- pell grants, and efforts to help students repay their loans. we have had major strides. i hope it is our shared goal of reclaiming america's standing by 2020 as the country with the highest per portion of college regiments. -- college graduates. host: that is the senator a fire on the senate floor as they debated raising the student loan interest rates -- that is
8:37 pm
the senator of iowa on the senate floor as the debated raising the student loan interest rates. our next guest has been writing on the topic of student loans. josh mitchell, thank you for joining us this evening. guest: thank you for having me. host: tell me about the rise of student lending in 2000's. tost: it is important to geo college. more and more people are going to school. you also have for-profit schools. then you also had --
8:38 pm
[indiscernible] host: josh, i will put you on hold. there is a bit of a break up on your phone. we will continue to take calls on student loans. i apologize. it seems that your couples breaking up a bit. angela is a parent in georgia. go ahead with your comment. caller: i was wondering, you know, a private loan -- host: go ahead with your comment and turned down the television. i will move on to arizona. frankie is in arizona.
8:39 pm
he is a student. what is your situation? how much student loan debt do you have? caller: i go to a community college in arizona. i have not taken any student loans. thecalling in response to lady from texas. she says she has to go back-to- school because she is no longer marketable because of the student loans. this is one of the many unintended consequences. this idea that they can make education free for people, all it does is drive us in demand for degrees. what is happening is that everyone has a degree and it is not as easy. the problem is not education is
8:40 pm
too expensive. that is a consequence of the true problem, which is the federal government being involved in places that are not constitutional authorized. what happens when the government gets involved is that the prices go up and quality those down. host: i will keep you on the line for a second. i went to play you some comments that gave the exact opposite view held by bill gates. here is a short clip from bill gates. take a listen and see what your response is. >> this gives you a sense of the jobs question, the income question, and how that connects education. people say we need more jobs. in certain areas of college
8:41 pm
educated with software engineering degrees, there is a huge shortage of people. we are a country that would change the immigration policies that would allow over $100,000 year jobs to be filled by people who go to u.s. universities. even with that, you would still have a big shortage. you have 2.4% unemployment. that is a bit -- about as low as you can go. with a masters degree -- break that down by majors. in many areas, it is low. we have the irony of having an economy where many people are wanting to get jobs, but there are many open jobs. it is up to the education system to equilibrate that.
8:42 pm
look at some college, high school, and high school dropout. there is a dramatic increase in unemployment levels and a dramatic reduction in the weekly wages. it is no exaggeration to say whether it is about income equity, racial equity. the key issue is making the education system work for everyone in the country. host: we will go back to our community college student, frankie, in arizona. bill gates talked about the government being more involved with funding for education. caller: i think what high school education -- years ago, the
8:43 pm
department of education was socially nonexistent. people probably did not have as many high school diplomas. what has happened now is that it is virtually almost impossible to not have a high school diploma or the equivalent c. -- or the equivalent cy. a high school diploma is virtually meaningless. case in point, now everyone needs to get a degree. everyone needs to get a degree now because a high school diploma is not important. everyone can get one. a degree used to important because it was hard to get. now it does not mean anything. host: do you think that getting a degree is important? caller: i think it is important to a point. i go to school because i can go to school for free. host: we want to get back to
8:44 pm
josh mitchell of the wall street journal. are you on the line with us? guest: yes. host: i think you have a better connection. bill gates talked about government's role in higher education. how does the administration view efforts to expand higher education question mark -- higher education going into the next term? guest: administration has said that they want everyone who wants to go to college to go to college. that means keep extending loans to people who apply for them. one thing they want to do is keep increases in helpell grant. grants, you do not have to repay. those are for low income students. it is also a program for people who cannot afford to go to college. administration wants to keep
8:45 pm
that pell grant program in place. orion budget, they would -- for the ryan a budget, they wanted to keep the budget in place. there are a number of other things they are looking at right now. not sure how much detail you want me to go into. host: how do republicans in congress view in general the student loan issue? guest: i think there are a lot of republicans in congress that would say that the government whether it is intentional or not has -- should there be more restrictions when a person takes out a loan, for example, should
8:46 pm
the government look at what the person will major in? what is the potential of that major? if a person will study to be a dr. and are likely to have a high income versus someone who might make far less -- should the government is more of a look are goingese lenseoans to use and what major that person will study. host: we have josh mitchell on the line from wall street journal. we are talking about student loan debt and college costs. if you are a student or graduate, the number is 202-585 -3885. for parents, 202-585-3886.
8:47 pm
where educators and administrators, 202-585-3887. john, and educator. go ahead with your comment. caller: the first question i have -- what is the current data coming out of college with a lot of debt? second, where are the implications for the largest group to go through the -- i guess i'm wondering what reform would look like to our gdp and for the students themselves. for the whole system if there were changes.
8:48 pm
the millennial generation is paying high rates. host: josh mitchell, did you hear the call? guest: yes. the questions are great. one in four people whose repayments have started to come do our three months behind those payments. this is a big struggle for a lot of people. when you talk about the impact is on current people going to school, i think that is something that is being studied right now. there is a concern. at one point people were able to buy a home. if people are burdened with debt, does that mean that will take them longer to buy a home, get married, start a family? i do not think people know what the broader impact will be. host: there are were rules issued for home mortgages.
8:49 pm
recently they talk to the issue of student loan debt and the effect on the economy. here is what he had to say. would bet daebt imprudent to dismiss that that can act as a drag on economic recovery. borrowers are seeing high rate s. without a refinance option, they struggle to reduce the payments, even though they have hills and solid credit history. -- bills and solid credit history. take the housing market during her time homebuyers are in demand. data shows that adults are living at home with parents. in addition to home ownership, data revealed low contribution rates to employer retirement lands among young graduates.
8:50 pm
-- retirement plans among young graduates. agencies have taken steps to increase liquidity and the functioning of the credit market in recent years. the current conditions and the student loan market might have a long-term impact on the economic vitality of many borrowers today. many are unable to secure credit accommodations to manage their obligation. given the potential impact of student debt on the broad economy, the situation demonstrates the need for attention. host: josh mitchell of the wall street journal, are they empowered in any way to make rulings and regulations on student loans? guest: i do not think that they are in power. the federal government is 93% of all student loans.
8:51 pm
when we talk about the student lending market, this is the education department we are talking about. host: let's continue with calls. we have 10 more minutes on college costs and student loans. go ahead with your comments. caller: hello? host: you are on the air. caller: thank you. is anything being done about the schools for profit that advertise all kinds of deceiving things to the students to lure them into programs where there is no job market? what person was told that he would have a great future as an engineer. there are no jobs available. he is $100,000 in debt. talk to me about for-profit schools. host: josh mitchell.
8:52 pm
guest: the obama administration really wants to crack down on the for-profit school issue. one thing they have done is that they have tried to strengthen the rules that too many other students are defaulting defaulting on their loans within two or three years of graduating, they will take away any federal aid from that school. the other thing they have tried to do is call the gainful employment role. they would look at whether students are getting jobs after they graduate from that school. if not enough of the students are getting jobs, then they will take away federal aid. that rule was sent back to the education department. the judge said there was a problem with the process by
8:53 pm
which they put that in place. that rule is on hold. administration is trying to address that. host: the admission -- the topic is tallest costs and student loan. -- college costs and student loan. here is a tweakeet. our next caller is named michael and he is a student from texas. go ahead with your comments. caller: i want to make a comment on some earlier who was talking about how a high school diploma does not mean anything and that now a college degree does not mean anything. education and technology are driving the economy now. it should be a good thing that you need a higher education. for mr. mitchell, how is it --
8:54 pm
i'm a senior -- is that for sure that you will get a job? host: any guidance for our student? guest: what happens if you have debt and not a job? one thing that administration is trying to do is give you a time where you do not need to make payments if you are unemployed or going through hardship. they're trying to base your payments based on whatever job that you do have. if you have a low income and you cannot afford that normal payment, perhaps you can pay 10% of your discretionary income. the issue that we need to keep in mind -- one of the big
8:55 pm
reasons students -- people are struggling with student debt is that the economy is rough. this is unusual for unemployment to be high for so long. it does not unusual for college tuition to increase. it is unusual for the economy to be this week this long. people are struggling. this is a big issue recently. host: there is a lot of talk of the b word --the student loan bubble. what are the implications down the road? guest: this is a $1 trillion market. whether this is a bubble like the housing bubble, it is not. most people repay their loans. in the grand scheme of things, this works out for people. that being said, the concern is not necessarily that this will
8:56 pm
create some big crisis where the economy will go through another crisis are recession because of student loans. i think the question is -- could have an impact on the economy? it causes a lot of younger people to push back buying a house. it might be a subtle effect that we will not really see up close, but might have an effect in the long term. what does this mean for taxpayers? that will be an issue this year and next. you have people increasingly defaulting on their student loans. taxpayers are picking up the tabs. the student loan programs make a profit. that is not an issue. the default at this pace, down the road, it could be an issue. at this point, if things stay
8:57 pm
the same, there will be a lot of pressure to bail out these students in forgiveness. that is one question hanging out there. host: we go to mike. i think we lost him. ryan is a graduate student in pleasantville, new york. go ahead. caller: i'm a graduate. i did a one year masters program in london. i'm in debt. i want to touch on a few things. people of color, they tend to borrow more and art twice as likely to be unemployed at -- and are twice as likely to be unemployed at graduation. they work at coffee shops two hours a day and have no sort of future. we have no wages or future. we are forced to go into
8:58 pm
precarious positions. there is a group in new york that is educating people. it is called strike that. there is a free -- it is called strike thadebt. there is a free site. there are more administrators being hired in administere univ. year: what was your one degre degree in? guest: i have been unemployed for six months. i have been actively trying to pursue a job. host: we will let you go and hear from josh mitchell. guest: did he have a particular question? host: i think he was talking about coming out of $85,000 for his graduate program and not having -- guest: i think it will pay off
8:59 pm
for someone like him. we need to keep in mind that the economy is weak. when the labor market picks up on a lot of these people who are graduating from school that cannot find a job will eventually find a job. for people like him, the government is trying hard to work with the students. do not be shy in calling them. tell them that you do not have a job. they will try to work with you. host: checking out twitter -- student loan does not have to be. let's focus on money. one more call from camden town, missouri. go ahead. your live this evening with josh mitchell. caller: a lot of the dialogue we are hearing today talking we are hearing today talking about reducing the costs

Student Loan Debt and College Costs
CSPAN January 10, 2013 8:00pm-9:00pm EST

Series/Special. Live call-in about the issue of student loan debt and college costs. With guests Marian Wang and Josh Mitchell. New.

TOPIC FREQUENCY Marian Wang 10, Josh Mitchell 9, New York 7, Us 7, Arizona 4, Texas 3, New York University 2, Cindy 2, Propublica 2, Iowa 2, America 2, Orion 1, The Official 1, Angela 1, Pell 1, Africans 1, Thae 1, Ryan 1, Obama Administration 1, Aa Tng 1
Network CSPAN
Duration 01:00:00
Scanned in San Francisco, CA, USA
Source Comcast Cable
Tuner Channel 91 (627 MHz)
Video Codec mpeg2video
Audio Cocec ac3
Pixel width 704
Pixel height 480
Sponsor Internet Archive
Audio/Visual sound, color

disc Borrow a DVD of this show
info Stream Only
Uploaded by
TV Archive
on 1/11/2013